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The Week in 90 Seconds: Gallagher-Willis Re; PPL’s NextGen options; London H1 growth; cat bonds post-Covid

Plus this week’s earnings and all the top news from the week.

Rachel Dalton, 06 August 2021
Allianz expects EUR900mn in Storm Bernd claims as loss picture emerges

Hannover Re has estimated that the floods could end up costing the industry as much as EUR7.5bn.

Samuel Casey, 06 August 2021
CNA names Catalina’s Haase as COO while Costonis takes new role

Michael Costonis will assume the new position of global head of marketing, strategy and innovation.

Samuel Casey, 06 August 2021
Chubb names Toh P&C underwriting chief for UK, Ireland and South Africa

Industry veteran Hilda Toh has been promoted to oversee P&C strategy for the three countries, after her predecessor Mark Roberts was given the division president role.

Eileen AJ Connelly, 06 August 2021
MS Amlin invests in US-based ESG start-up InQlusiv

The MGA start-up will focus on providing ESG-based insurance to LGBTQ, female and minority/ethnic-owned SMEs.

Luke Harrison, 06 August 2021
SiriusPoint Q2 profit falls over 40% to $70mn on reduced investment income

The carrier’s combined ratio improved by seven percentage points thanks to reduced loss and acquisition costs.

Rachel Dalton, 06 August 2021
Sompo International books 94.2% combined ratio for fiscal Q1

Gross written premiums at the carrier grew by 40%, driven by rate improvement and the growth in crop insurance via the carrier’s acquisition of Diversified.

Catrin Shi, 06 August 2021
MS Amlin loss shrinks to £49mn as MS&AD overseas unit swings to Q1 profit

Winter Storm Uri added 12 points to the subsidiary’s claims ratio.

Rachel Dalton, 06 August 2021
London H1: Growth dominates discussion as new leaders set out stall

Despite a somewhat mixed outlook, UK listed carriers London players say they are still leaning into growth.

Catrin Shi, 06 August 2021
Allianz reports Q2 profits of EUR3.3bn as AGCS swings back to profit

AGCS posted profits of EUR98mn after making a loss in Q2 2020 when it suffered heavy Covid-19 claims.

Samuel Casey, 06 August 2021

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